Ningbo United Group Co.,Ltd.’s Net Profit Rose 204.6% in First Half of 2022

Ningbo United Group Co.,Ltd. (宁波联合集团股份有限公司) (600051.SH) reported a net profit of 109 million yuan in the first half of 2022, up 204.6% year-on-year.

Meanwhile, the company posted 882.7 million yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.8%.